Course ID: VALU

How to Evaluate Whether You (the Client) are Getting the Most for Value for Your Audit Dollars

An audit is an investment in reliable financial reporting and compliance, and an increased return on those dollars can be achieved by hiring the right auditors. This course will provide key factors for you to consider when evaluating whether you are getting the most quality and insight from your auditors, to enable them to perform the most value-added audit possible in the given circumstances – while still retaining the trust of a CPA.

LEARNING OBJECTIVES

Describe how to identify signs that your auditors may be over- or under-auditing

Explain the “soft” skills, such as communication, creativity, critical thinking and more that your auditor should readily exhibit in order to give you the greatest return for your audit dollars

Apply illustrative examples of value-added business advice and assistance the auditor may apply without impairing independence

MAJOR TOPICS

Limitations in roles and responsibilities an auditor can accept without impairing independence

Assessing the strength of your auditor’s ability to think critically, strategically, and creatively in appropriate circumstances